VŪHL (which is an acronym for “Vehicles of Ultra-lightweight and High-performance) is an up-and-coming small performance car company hailing from Mexico, which has just announced their very first product.

The VŪHL 05 is designed in the mold of super-lightweight cars such as the Ariel Atom and KTM X-Bow. The open-top car is built on a monocoque chassis, which tips the scales at just 172 pounds, and a dry weight of a whopping 1,532 pounds. It is powered by 2.0-liter Ford EcoBoost four-cylinder engine, which has been tuned to produce 285 horsepower and nearly 310 pound-feet of torque, providing a 0-62 time of just 3.7 seconds, and a top speed in excess of 150 miles per hour.

According to VŪHL’s press release, sales will be limited to to the UK and North America. The price is listed at £55,000 (approx. $84,000). The VŪHL 05’s official release is slated for Spring 2014.